Crypto payment infrastructure provider Mesh has secured $82 million in Series B funding, led by prominent blockchain investment firm Paradigm. The investment brings Mesh's total funding to over $120 million, with the majority of the round settled using PayPal USD (PYUSD) stablecoin, highlighting the growing utility of stablecoins in venture capital transactions.
The funding round attracted several notable investors including ConsenSys, the parent company of MetaMask, QuantumLight Capital founded by Revolut CEO Nik Storonsky, and Yolo Investments. Previous investors such as PayPal Ventures, Galaxy Ventures, and MoneyForward continue to support the company's growth trajectory.
Mesh's proprietary SmartFunding technology eliminates friction between users' digital assets and merchants' settlement preferences. The platform enables consumers to pay with various crypto assets including Bitcoin, Ethereum, and Solana, while merchants receive payments in stablecoins such as PYUSD, USDT, or USDC. Approximately 66% of funding was settled using PYUSD, demonstrating increasing institutional confidence in stablecoin transactions.
The bridge between crypto spending freedom and merchant payment certainty is what drives mass adoption forward.
This technology currently connects wallets, exchanges, and financial services across more than 100 countries. The integration of stablecoins provides near-instantaneous settlements compared to traditional banking systems, significantly improving transaction efficiency across borders.
The investment comes amid significant growth in the global stablecoin market, which surpassed $200 billion in market capitalization during Q1 2025, representing a 15% increase from the previous quarter. Transaction volumes reached $1.8 trillion during the same period, with Tether and USD Coin maintaining over 70% market share. Stablecoins have become increasingly important as they bridge traditional finance and the decentralized crypto economy.
The current regulatory environment appears increasingly favorable for stablecoin development. The Trump administration has issued an executive order supporting dollar-backed stablecoins while preventing federal agencies from pursuing a central bank digital currency.
Meanwhile, the EU has established a framework through its Markets in Crypto Assets regulation, and Hong Kong plans to introduce a Stablecoin Bill in 2025.
Mesh has established strategic partnerships with financial innovators including Revolut, MetaMask, and Shift4, extending its technology to over 400 million users globally. The company plans to use the new funding to accelerate product development, expand API integrations, and extend its global reach as stablecoin adoption continues to grow in cross-border transactions and digital payments.
